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Last $69.66 USD
Change Today +0.88 / 1.28%
Volume 420.4K
CFR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

cullen/frost bankers inc (CFR) Key Developments

Cullen/Frost Bankers, Inc. Declares Cash Dividend on Common Stock and Preferred Stock for the First Quarter of Fiscal 2015, Payable on March 13, 2015 and March 15, 2015, Respectively

Cullen/Frost Bankers, Inc. board of directors declared a first quarter cash dividend of $0.51 per common share. The dividend is payable on March 13, 2015 to shareholders of record on February 27, 2015. The company board of directors also declared a cash dividend of $0.3359375 per share of the Noncumulative Perpetual Preferred Stock, Series A. The Series A Preferred Stock dividend is payable on March 15, 2015, to shareholders of record on February 27, 2015.

Cullen/Frost Bankers, Inc. Announces Executive Changes

Cullen/Frost Bankers, Inc. announced expanded executive team responsibilities to meet the demands of the growing financial institution: Phil Green, who has served as chief financial officer since 1995, will become president of the holding company, with greater responsibility for and involvement in all areas of the company. Green joined the company in 1980 and held a number of managerial positions in the financial division before serving as chief financial officer from 1995 to 2015. He is currently on the board of Frost Insurance and also served on the Frost Securities board. Green graduated with honors from the University of Texas at Austin with a bachelor's degree in Accounting. Jerry Salinas, who has been treasurer for 18 years, will become chief financial officer. Since joining Frost in 1986, Salinas has held various financial positions within Frost and Cullen/Frost. Before joining Frost, he worked in public accounting for six years. Paul Bracher will become chief banking officer, with continued responsibility for directing the activities of region presidents and as a steward of banking operations. Since joining Frost in 1981, Bracher has worked in commercial lending, special assets and management. Bill Perotti, who has been responsible for both credit and risk, will focus more time as chief risk officer. Chip Allen will become the chief credit officer, reporting to Bill. Since joining Frost in 1981, Perotti has served in several roles in asset review and credit before being named head of Credit Administration in 1991. The company also announced that Dave Beck will retire in 2015 as president and chief business banking officer after 39 years of service.

Cullen/Frost Bankers, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014

Cullen/Frost Bankers, Inc. announced consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net interest income of $178,992,000 against $159,208,000 a year ago. Income before income taxes was $88,233,000 against $77,332,000 a year ago. Net income available to common shareholders was $70,688,000 against $60,555,000 a year ago. This increase was due to higher investment fees, combined with higher estate fees and oil and gas fees. Diluted earnings per common share were $1.11 against $0.99 a year ago. Book value per common share was $42.87 against $39.13 a year ago. Return on average assets was 1.02% against 1.02% a year ago. Return on average common equity was 10.36% against 10.21% a year ago. Net interest income on a taxable-equivalent basis for the fourth quarter totaled $212.6 million, an increase of 15.0% compared to the $185.0 million reported for the fourth quarter of 2014. This increase resulted primarily from an increase in the average volume of earning assets and was partly offset by a decrease in the net interest margin. For the year, the company reported net interest income of $686,934,000 against $620,555,000 a year ago. Income before income taxes was $336,024,000 against $290,881,000 a year ago. Net income available to common shareholders was $269,914,000 against $231,147,000 a year ago. Diluted earnings per common share were $4.29 against $3.80 a year ago. Book value per common share was $42.87 against $39.13 a year ago. Return on average assets was 1.05% against 1.02% a year ago. Return on average common equity was 10.51% against 9.93% a year ago. For the fourth quarter, the company reported net charge-offs of $3,170,000.

Cullen/Frost Bankers, Inc. to Report Q4, 2014 Results on Jan 28, 2015

Cullen/Frost Bankers, Inc. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Jan 28, 2015

Cullen/Frost Bankers, Inc., Q4 2014 Earnings Call, Jan 28, 2015

Cullen/Frost Bankers, Inc., Q4 2014 Earnings Call, Jan 28, 2015

 

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CFR

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Valuation CFR Industry Range
Price/Earnings 16.1x
Price/Sales 4.4x
Price/Book 1.6x
Price/Cash Flow 15.6x
TEV/Sales NM Not Meaningful
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